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Commercial Scrubbers and Sweepers Market to Worth $8.04 Billion by 2028, Battery Powered Devices to Lead the Future of the Market – Arizton
CHICAGO, Sept. 7, 2023 /PRNewswire/ — According to Arizton’s latest research report, the commercial scrubbers and sweepers market will grow at a CAGR of 7.90% during 2022-2028.
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Commercial Scrubbers and Sweepers Market Report Scope
|
Report Attributes |
Details |
|
Market Size (2028) |
USD 8.04 Billion |
|
Market Size (2022) |
USD 5.10 Billion |
|
CAGR (2022-2028) |
7.90 % |
|
Base Year |
2022 |
|
Forecast Year |
2023-2028 |
|
Market Segmentation |
Product Type, Scrubbers, Sweepers, Others, Power Source, Technology, End-Users, and Geography |
|
Geographic Analysis |
North America, Europe, APAC, Latin America, and Middle East & Africa |
|
Market Dynamics |
· Growing Investments in Research & Development · Growing Demand for Cleanliness In The Hospitality Industry · Stringent Regulations to Maintain Cleanliness and Employee Safety · Higher Efficiency and Cost-Effectiveness Than Manual Cleaning · Growing Contract Cleaning Services |
The global commercial scrubbers & sweepers market witnessed dynamic growth and is expected to grow at a CAGR of 8.31% during the forecast period. Smart technologies are being adopted across industrial and commercial verticals. Industrial vacuum cleaners are primarily used in manufacturing, automotive, food & beverage, pharmaceutical, chemical, metalworking, mining, textiles, plastics, and aerospace industries. Commercial scrubbers & sweepers can help maintain the overall cleanliness and hygiene of industrial and commercial spaces. In commercial places, such as shopping malls, airports, railway stations, healthcare facilities, and educational institutions, where regular cleaning and maintenance are necessary, commercial scrubbers & sweepers can provide an efficient cleaning method.
Battery Segment Powered Commercial Scrubbers and Sweepers is Expected to Boom in the Next 6 Years
Battery-powered floor cleaning equipment is generally easy and convenient to operate. Almost all types of scrubbers & sweepers come with battery-powered machines. With the growing need to reduce polluting emissions, all manufacturers prefer battery-powered equipment over fuel-powered engines. Battery-powered equipment is also more advantageous than electric equipment as it does not need cable trails, allowing the machine to be moved freely.
Industrial and commercial floor cleaning machine manufacturers have adopted lithium-ion batteries for their higher productivity, longer runtime, zero maintenance, and lesser charging time. Lithium-ion batteries can last three-five years, depending on the use. They are also significantly lighter and smaller than lead-acid batteries, providing more space for cleaning liquids. Advances in battery technology to increase the runtime and reduce the charging time drive the adoption and use of battery-powered equipment.
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Geographical Insights
In the US, revenue from professional cleaning services grew by 3% in the last five years. The rising corporate profits have increased expenditure on cleaning services, thereby driving the sales of commercial cleaning equipment. Moreover, rising non-residential constructions, primarily offices and accommodation services, have increased demand for industrial cleaning services and equipment. Moreover, the stringent regulations to reduce cross-contamination and employee injury drive the demand for professional cleaning equipment. The rising income among the population has also resulted in the higher adoption of automation in cleaning industries. Robotic or autonomous floor cleaning equipment is the fastest-growing segment in the market. The use of sustainable cleaning technologies has significantly increased in this region.
In 2022, scrubbers accounted for the majority share of the market in the US. The growth of commercial spaces and the increasing importance of maintaining cleanliness and hygiene drive market growth. Furthermore, technological advances, such as robotic or autonomous floor cleaners, have also driven the demand. In 2022, sweepers accounted for a smaller share of 35.22% of the market in terms of revenue, primarily due to the lower price of the products compared to scrubbers. Combination machines hold the smallest market share and are mainly used for heavy-duty industrial cleaning. Contracts cleaners are the key end-users of commercial scrubbers & sweepers in the US.
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Key Company Profiles
- Nilfisk
- Tennant
- Kärcher
- Hako Group
- Factory Cat
- Power-Flite
- Numatic
- Amano
- TASKI
- Bucher Industries
- IPC
- Cleanfix
- Industrial Cleaning Equipment (ICE)
- NSS Enterprises
- Wetrok
- Bortek Industries
- Comac
- Tornado
- Fimap
- Hefei Gaomei Cleaning Equipment
- Cimel
- Gadlee
- Guangzhou Baiyun Cleaning Tools
- Pacific Floorcare
- Eureka
- Boss Cleaning Equipment
- HEFTER Cleantech
- Chaobao Cleaning Products
- Proquip
- RCM
- Lavor
- Polivac
Market Segmentation
- Product Type: Scrubbers, Sweepers, and Others
- Scrubbers: Walk-Behind, Stand-On, and Ride-On
- Sweepers: Walk-Behind, Ride-On, and Manual
- Others: Combination Machines and Single Disc
- Power Source: Battery Operated, Electric, and Others
- Technology: Water, Chemicals, and Steam
- End-Users: Contract Cleaning, Food & Beverage, Manufacturing, Retail & Hospitality, Transportation & Travel, Warehouse & Distribution, Healthcare, Education, Government, Chemicals & Pharmaceutical, and Others
- Geography: North America, Europe, APAC, Latin America, and Middle East & Africa
Key Questions Answered in the Report
- How big is the commercial scrubbers and sweepers market?
- What is the growth rate of the global commercial scrubbers and sweepers market?
- What are the growing trends in the commercial scrubbers and sweepers industry?
- Which region holds the most significant global commercial scrubbers and sweepers market share?
- Who are the key players in the global commercial scrubbers and sweepers market?
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Table of Content
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY GEOGRAPHY
4.3.2 MARKET SEGMENTATION BY PRODUCT TYPE
4.3.3 MARKET SEGMENTATION BY POWER SOURCE
4.3.4 MARKET SEGMENTATION BY END-USER
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 PREMIUM INSIGHTS
6.1 OVERVIEW
6.2 FUTURE MARKET TRENDS
6.2.1 GROWING DEMAND FOR GREEN CLEANING TECHNOLOGIES
6.2.2 AVAILABILITY OF ROBOTIC CLEANING EQUIPMENT
6.2.3 GROWING DEMAND FOR CLEANLINESS IN THE HOSPITALITY INDUSTRY
6.2.4 STRINGENT REGULATIONS TO MAINTAIN CLEANLINESS AND EMPLOYEE SAFETY
6.3 PRODUCT TYPE
6.3.1 SCRUBBERS
6.3.2 SWEEPERS
6.4 TECHNOLOGY
6.4.1 WATER
6.4.2 STEAM
6.5 POWER SOURCE
6.5.1 BATTERY OPERATED
6.5.2 ELECTRIC
6.6 END-USER
6.6.1 COMMERCIAL SERVICES
6.6.2 FOOD AND BEVERAGE
6.6.3 MANUFACTURING
6.6.4 HEALTHCARE
6.7 MARKET LANDSCAPE
7 MARKET AT A GLANCE
8 INTRODUCTION
8.1 OVERVIEW
8.1.1 IMPROVES AESTHETICS OF THE FACILITY
8.1.2 INCREASING REGULATIONS FOR HYGIENE MATAINANCE
8.1.3 MORE EFFICIENT THAN HAND-HELD TOOLS
8.1.4 AESTHETICS OF RESORT AND HOTEL FLOORING
9 MARKET OPPORTUNITIES & TRENDS
9.1 GROWING DEMAND FOR GREEN CLEANING TECHNOLOGIES
9.2 AVAILABILITY OF ROBOTIC CLEANING EQUIPMENT
9.3 GROWING INCLINATION TOWARD SUSTAINABILITY
9.4 GROWING DEMAND IN WAREHOUSE & DISTRIBUTION FACILITIES
9.5 CONSISTENT GROWTH IN THE CONSTRUCTION INDUSTRY
10 MARKET GROWTH ENABLERS
10.1 GROWING INVESTMENTS IN RESEARCH & DEVELOPMENT
10.2 GROWING DEMAND FOR CLEAN LINE HOSPITALITY INDUSTRY
10.3 STRINGENT REGULATIONS TO MAINTAIN CLEANLINESS AND EMPLOYEE SAFETY
10.4 HIGHER EFFICIENCY AND COST-EFFECTIVENESS THAN MANUAL CLEANING
10.5 GROWING CONTRACT CLEANING SERVICES
11 MARKET RESTRAINTS
11.1 GROWING NUMBER OF RENTAL AGENCIES
11.2 LOW-COST LABOR IN DEVELOPING COUNTRIES
11.3 LONGER REPLACEMENT CYCLES
11.4 LOW INDUSTRIALIZATION AND PENETRATION IN EMERGING NATIONS
11.5 INCREASING RAW MATERIAL & SUPPLY CHAIN COST
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
Check the detailed table of contents of the report @ https://www.arizton.com/market-reports/commercial-scrubbers-sweepers-market-report-2025?details=tableOfContents
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Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
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View original content:https://www.prnewswire.co.uk/news-releases/commercial-scrubbers-and-sweepers-market-to-worth-8-04-billion-by-2028–battery-powered-devices-to-lead-the-future-of-the-market–arizton-301921119.html
NEW YORK, Sept. 28, 2023 /PRNewswire/ — Phoenix Tower International, LLC (“PTI”), through its Spanish subsidiary (PTI Iberica V, S.A.) announced today that it has closed a new €1.2 billion senior credit facility in Europe to consolidate its existing loans and provide substantial additional capacity to support further growth both in existing and new markets in Europe.
The transaction comprised of the following senior secured facilities: (i) a €700 million term loan, (ii) a €400 million delayed draw term loan, (iii) a €50 million revolving credit facility, and (iv) a €50 million debt service reserve facility, all of which are due in September 2030 (7 years). Proceeds from the facilities will be used to: (i) repay existing indebtedness including related fees and expenses, (ii) fund capital expenditure requirements and acquisitions, including the recent acquisition of the French portfolio of wireless tower assets from Cellnex (1,226 sites hosting SFR), and (iii) fund working capital requirements.
“The multi-jurisdiction loan provides PTI with the flexibility to continue to grow our business across Europe with incremental liquidity available at our disposal. The financing will allow us to strengthen our commitment to the region, as we continue to construct and invest in digital infrastructure in markets that are experiencing a rising demand for connectivity and technological upgrades. We are excited to continue to expand our presence in Europe and deliver value-add infrastructure solutions to our customers”, said Dagan Kasavana, Chief Executive Officer of PTI.
“By providing a flexible financing covering multiple jurisdictions, PTI was able to simplify its capital structure, reduce pricing, and access incremental funds to support future growth. Raising €1.2 billion in the current market environment speaks to the strength of PTI’s business model and underscores the lender community’s appetite to support the expansion of digital connectivity. We are pleased to partner with such a strong lender group in this landmark transaction”, said Michael Bremer, Chief Financial Officer of PTI.
Natixis Corporate & Investment Banking (“Natixis”) acted as Structuring Bank. Natixis and Deutsche Bank AG acted as Lead Bookrunners and Mandated Lead Arrangers, ABN AMRO Bank N.V., ING Bank N.V., and Scotiabank (Ireland) Designated Activity Company acted as Mandated Lead Arrangers and Bookrunners, BNP Paribas and MUFG Bank acted as Mandated Lead Arrangers, and Citibank Europe PLC Dublin, Mizuho Bank Europe, and Toronto Dominion Bank acted as Participants. Natixis also acted as Facility Agent, Security Agent and Financial Modelling Bank, while ING Bank N.V. has been appointed as Sustainability Coordinator.
Freshfields Bruckhaus Deringer acted as external legal counsel of the company, and Allen & Overy acted as external legal counsel of the lenders.
About PTI
PTI, through its subsidiaries, owns and operates over 22,000 telecom towers throughout Europe, the United States, Latin America and the Caribbean. In Europe, PTI is present in several countries including France, Italy, Ireland, Malta and Cyprus.
PTI was founded in 2013 with a mission to be a premier site provider to wireless operators across the world in high-growth markets. PTI’s investors include funds managed by Blackstone, Wren House and various members of the management team and is headquartered in Boca Raton, Florida. For more information, please visit www.phoenixintnl.com
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Fintech PR
BranchOut Food Inc. Expands Partnership with EnWave Corporation. Increasing Manufacturing Capacity by an Additional ~$15mm Annually & Secures Additional Product Exclusivities.
BEND, Ore, Sept. 28, 2023 /PRNewswire/ — BranchOut Foods Inc. (NASDAQ: BOF), the global trailblazer in GentleDried natural snacks and superfood ingredients, is proud to announce a significant expansion of its partnership with EnWave Corporation (TSX-V: ENW | FSE: E4U). BranchOut has agreed to purchase a second large-scale, continuous throughput dehydration machine from Enwave. Under the terms of the new Equipment Purchase Agreement (the “Agreement”), the 120kW REV™ machine is slated for delivery to BranchOut in late calendar 2024 and will add an additional $15mm in estimated topline capacity.
Eric Healy, CEO of BranchOut Food Inc., emphasized, “We are confident that this increased capacity will align perfectly with our growth trajectory, especially in light of our recent commitments from major retailers and the substantial sales pipeline we have established.”
Enwave’s Radiant Energy Vacuum (REV™) technology and associated patent portfolio was previously licensed to BranchOut along with exclusivity for its original core products. Under the new Agreement, the product exclusives have been significantly expanded to encompass the new and innovative products BranchOut has recently developed and will be launching in the very near future.
About BranchOut Food Inc.: BranchOut is an international food-tech company delivering truly great natural snacks and real superfood ingredients enabled by their licensed dehydration technology. BranchOut Food is a leading provider of high-quality dehydrated fruit and vegetable-based products and its commitment to quality and innovation sets it apart as a trusted brand and private label supplier. For more information about BranchOut Food Inc. and its products, please visit www.branchoutfood.com.
About EnWave: EnWave Corporation stands as a global leader in vacuum microwave dehydration innovation and application. Operating from its headquarters in Vancouver, BC, EnWave boasts an impressive intellectual property portfolio and has refined its Radiant Energy Vacuum (REV™) technology into a proven, consistent, and scalable drying solution. This revolutionary technology outperforms traditional drying methods in terms of efficiency, capacity, product quality, and cost.
Media Contact:
BranchOut Food Inc.
Email: [email protected]
Fintech PR
SIGMA Financial AI unveils Akili-AI: Cutting-Edge, AI-based, no-code suite of tools for traders
– Augments trader’s interactions and transforms decision-making capabilities
– Handles the full extent of structured to unstructured financial data
– Mitigates portfolio exposure risk and accelerates speed to market
LONDON, Sept. 28, 2023 /PRNewswire/ — SIGMA Financial AI, an innovator in developing AI-driven trading solutions, launches Akili-AI*, a sophisticated suite of enterprise-ready trading strategy tools. Akili-AI is a cutting-edge, no-code solution enabling data-driven insights to support the specialist needs of the global financial services trading community.
Akili-AI incorporates machine learning (ML) and natural language processing (NLP) to deliver agile tools which are more intelligent, faster and easier to use, enabling traders to create strategies at a scale and speed unachievable without AI support. Completely asset-class and instrument-agnostic, the Akili-AI system streams real-time trading data, allowing users to screen, test and design complex trading strategies promptly.
Their SaaS-based Pattern matching platform (Patterns as a Service) helps traders monitor thousands of instruments in real-time, scanning charts for momentum changes, technical signals, support, and resistance zones. The NLP research function supports fundamental and technical qualifications from thousands of news, social media and traders’ data. Akili-AI’s flexible modular architecture, built using modern protocols, is cloud-based and scales to support the largest trading enterprises.
Andy Simpson, Co-founder and CEO, commented, “Traders are having to cope with a constant squeeze on their book; this, combined with a huge increase in data volumes, has created the need for transformative solutions which can help them find an edge. They need the ability to find new liquidity fast, enhance their trade execution capabilities, and reduce portfolio risk; Akili-AI can deliver all this at a lower cost point and faster than ever.”
“Akili-AI transforms market interaction and improves productivity by liberating traders from the constraints imposed by long-established, outdated working practices and legacy technology infrastructures. Accelerated speed to market is crucial in an industry where every second counts. Our mission is to provide AI-based solutions which enhance the human experience – not replace them – helping to generate more revenue and increased profitability,” Andy continued.
Rob Maunder, Co-founder and Chief Commercial Officer, said, “Our pioneering and creative team is an unusual blend of deep financial services experience, phenomenal engineering and world-class AI technologists who bring an unrivalled track record of developing new platforms at pace. We break the mould by delivering incredible engineering of low-latency, highly scalable systems drawing on more than a decade of generative AI experience in the social media and music industries.”
Andy concluded, “Akili-AI is the start of a refreshingly different journey of technological change; watch this space. There is much more to come.”
Akili-Ai will be showcased in the Innovators Pavilion at the FIA’s Futures and Options Expo on October 2-3, 2023 at the Sheraton Grand Chicago Riverwalk.
*Akili is the Swahili word for intelligence.
About SIGMA Financial AI:
We provide traders with a set of tools that are faster, smarter and easier to use. Our AI machine learning product suite unlocks trading opportunities through real-time analytics underpinned by world-leading, scalable, ultra-low latency architecture.
Note to Editors: For more information about SIGMA Financial AI, please visit www.sigmafinancial.ai.
View original content:https://www.prnewswire.co.uk/news-releases/sigma-financial-ai-unveils-akili-ai-cutting-edge-ai-based-no-code-suite-of-tools-for-traders-301941890.html
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